(This is not some bear market post, infact my analysis is based on numbers)
After 5 years of studying, investing, research & analysis (and little bit of trading).
I came to conclusion that, anything to do with stock market is not worth the time.
=> All bigwigs earning big bucks, do so because of their connections or insider info or just their name. the notion of ‘you can earn crores if you just do what rakesh/dolly did’ is not true.
=> Too many scams, For a common man like me, Its easy to get scammed by TV Channels, Youtube channels, Blog writers, brokerage houses, twitter traders, rather than finding right company at right price.
=> Its mostly luck, I never understood the saying ‘Everyone is a genius in bull market’ until the bear market started. every analyst i followed and made money of, were turned out to be just lucky and not some sort of genius.
=> Not worth the time, I started calculating my returns based on amount of time i spend in analysis and this was a game changer for me. My job is far more worth if I convert it into pay per hour spent. The amount of time I need to spend to just keep up with news/announcements from company, changing macro economic conditions is mind boggling and severely diminished my returns.
What am i doing ?
Spending my time wisely, Since last year, I diverted all my attention to building new skills that help my career.
This helped increase my income by 30%. equivalent to my last 5 year return in stock market.
Abandon Active investing, Cut my stock market investment by half and move the remaining half to index funds.
Invest in alternative inflationary proof schemes, Commercial real estate investments with friends. This is not for everyone, but one of the best inflationary proof options I found. just like stock market, a lot of market research goes into a decision on where to buy, how much to buy. but you do research once and review yearly. no need to bang head every day.
Since the day i realized, i will never be able to compete with folks working full time analysts, my mental health is lot better and my bank a/c heavier.
Hope my experience helps.